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, Inc., makes brooms and then sells them door- to-door. Here is the relationship between the number of workers and Nimbus's output during a given day: Workers Output Marginal Product Total Cost Average Total cost Marginal Cost 0. 20 50 90 120 140 150 155 a. Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $100 a day, and the firm has fixed costs of $200. Use this information to fill in the column for total cost. c. Fill in the column for average total cost. (Recall that ATC = TC/Q.) What pattern do you see? d. Now fill in the column for marginal cost. (Recall that MC = ATC/AQ.) What pattern 이1234567

, Inc., makes brooms and then sells them door- to-door. Here is the relationship between the number of workers and Nimbus's output during a given day: Workers Output Marginal Product Total Cost Average Total cost Marginal Cost 0. 20 50 90 120 140 150 155 a. Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $100 a day, and the firm has fixed costs of $200. Use this information to fill in the column for total cost. c. Fill in the column for average total cost. (Recall that ATC = TC/Q.) What pattern do you see? d. Now fill in the column for marginal cost. (Recall that MC = ATC/AQ.) What pattern 이1234567

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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2. Nimbus, Inc., makes brooms and then sells them door- to-door. Here is the relationship between the number of workers and Nimbus's output during a given day: Workers Output Marginal Product Total Cost Average Total cost Marginal Cost 1 20 2. 50 3. 90 4 120 140 6. 150 7 155 a. Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $100 a day, and the firm has fixed costs of $200. Use this information to fill in the column for total cost. c. Fill in the column for average total cost. (Recall that ATC=TC/Q.) What pattern do %3D you see? d. Now fill in the column for marginal cost. (Recall that MC=ATC/AQ.) What pattern do you see? e. Compare the column for marginal product with the column for marginal cost. Explain the relationship. f. Compare the column for average total cost with the column for marginal cost. Explain the relationship.
Transcribed Image Text:2. Nimbus, Inc., makes brooms and then sells them door- to-door. Here is the relationship between the number of workers and Nimbus's output during a given day: Workers Output Marginal Product Total Cost Average Total cost Marginal Cost 1 20 2. 50 3. 90 4 120 140 6. 150 7 155 a. Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $100 a day, and the firm has fixed costs of $200. Use this information to fill in the column for total cost. c. Fill in the column for average total cost. (Recall that ATC=TC/Q.) What pattern do %3D you see? d. Now fill in the column for marginal cost. (Recall that MC=ATC/AQ.) What pattern do you see? e. Compare the column for marginal product with the column for marginal cost. Explain the relationship. f. Compare the column for average total cost with the column for marginal cost. Explain the relationship.
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